1 bedroom flat for sale

New Shared Ownership homes!If you need more advice on Shared Ownership why not pop in and speak to the sales team and a financial advisor on Saturday 8th November. We will be holding an open day, between 10am - 4pm. Quartoria in the leafy North London suburbs of New Barnet. 50% now reserved! In the first phase, there are a limited selection of one and two bedroom Shared Ownership apartments. These thoughtfully designed apartments will offer open plan living and a private balcony or terrace. Car parking will be available bay or undercroft. Quartoria will offer refined living in the heart of New Barnet.Plot 32 is a one bedroom second floor Shared Ownership apartment. Size: 50.6m2 / 545ft2 This well designed apartment offers contemporary, spacious living with a private balcony.The development is perfectly positioned close to local parks and extensive fantastic green spaces. As well as all the everyday essentials, this area also offers local cafes, restaurants, gyms, cinema, leisure centre, schools and medical facilities.New Barnet Railway station is close by, only 0.6 miles away. Offering fast and frequent Great Northern and Thameslink services into Highbury & Islington in 18 minutes or Moorgate in less than 30 minutes. The area is also well served by local buses which connects you to High Barnet Underground station (Northern line) and beyond.Priority will be given to people who live or work in Barnet.Travel times are approximate and taken from Google maps. Images and CGI’s are for illustration purposes only. Materials, specification, elevation, positioning may vary. Sovereign Network Group is charitable.
PRICING & AFFORDABILITY

Full Market Value: £365,00025% Share Price: £91,250Rent £627.34pcmMinimum 5% Mortgage Deposit (25% share): £4,563Approximate Service Charges: £220.79 pcm*Shared Ownership Lease: 990 years*Council Tax Band: TBCRed Loft are the Sales Agents managing the sales on SNG's behalf.
ELIGIBILITYShared Ownership gives first time buyers and those that do not currently own a home the opportunity to purchase a share in a new build or resales leasehold property. The purchaser pays a mortgage on the share they own and pays rent to a housing association on the remaining share. The combined mortgage and rent is usually less than you'd expect to pay if you bought a similar property outright although this is not a guarantee. At this development you can buy a minimum 25% share of your home (the maximum you can buy initially is 75%). When you're ready, you can buy more shares until you staircase to owning 100% of your home.


To be eligible for shared ownership you would need to meet the following criteria:
• Your annual household income does not exceed £90,000.
• Priority will be given to people who live or work in Barnet.
• You have a deposit of at least 5% of the share value.
• You do not own another property or have your name on the deeds or a mortgage for a property worldwide.
• This will be your only residence.
• You are a permanent UK resident or have indefinite right to remain. Please note the minimum share you can purchase can vary depending on your financial situation and you may be asked to purchase a larger share, should your personal circumstances permit.
*Service charges are estimated and may subject to change. Rent and service charges will be reviewed annually by your housing provider, usually on 1st April each year. *Length of Lease speak to sales consultant for further clarification *These photos are for information purposes only and may not represent a true likeness *Pet friendly subject to approval and admin cost. Floorplans are not to scale and are indicative only. Location of windows, doors, bathroom fittings, kitchen units and appliances may differ. Dimensions given are approximate and should not be used to order carpets or furniture. External area sizes and locations may differ from those illustrated.